Investor Relations - 03.11.2010

PPCR signs Shareholders’ Agreement with EPGE

                                                       ANNOUNCEMENT


PPC S.A. announces that its 100% subsidiary PPC Renewables S.A. and EP GLOBAL ENERGY LTD (EPGE), signed a Shareholders' Agreement for the establishment of a Joint Venture Holding Company which will be active in the development of projects related to :

a) the acquisition of RES UNITS,
b) the development, including finance, of RES UNITS and
c) power generation, by operation and maintenance of RES UNITS

in the Balkans and Middle East regions.

The initial share capital of the company will be € 60,000 and the percentage interest of PPC Renewables and EPGE will be 49% and 51%, respectively.


Athens, November 2, 2010

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